The things that a new intraday trader needs to take note of
– You are still paper trading the scalping system that you’re using right now and you have done about 30 trades so far, right? – Yeah. – And the reward to the risk is still generally one is to one, am I right to say that? And your win rate or...
The pros and cons moving from discretionary trading to algorithmic trading
With regards to you having this plan of turning your intraday trading system into algorithmic system in a way so that you don’t have to be constantly monitoring it or manually executing all the trades. But you would also have to try to understand if your current...
Why intraday trading might not be an ideal life-long trading strategy
I’m not so sure how you can continue to keep up with this kind of intraday trading. Maybe you really enjoy the process of monitoring the market throughout the whole day and to get in trades and managed a trade throughout the whole day. But you might come to a...
What else can you do if you already have a profitable trading system
I think by now I have a pretty good understanding of your entire workflow as well as the strategy and a system that you are using, and frankly I’m not sure how much more you can attempt to improve in terms of the winning ratio. Maybe you can improve by another...
Using Fibonacci retracement to identify supports/resistances
Again, this is my personal experience, personal opinion. Some people swear that Fibonacci retracement is very, very useful for them. From a “worldview”, from a personal belief perspective, is like asking me, and say, “Phillip, do you believe that God...
Adrian Reid, a full-time private trader, Founder and Trading Coach at Enlightened Stock Trading
Learn from Adrian Reid TRADER PROFILE: Today’s guest, Adrian Reid is a full-time private trader, also the Founder and Trading Coach at Enlightened Stock Trading, dedicated to educating and supporting traders on their journey towards profitable systems trading. Adrian...
How you can use moving average as a trailing stop
If you know what trailing stop is, it means that you try to, as the price goes higher and higher and you are in a long trade, you are trying to use some methods to tell you when should you get out of a trade, okay? When does the trend start to turn around and you...
How I use moving average to gauge the trend direction
So firstly, I use moving average just to get a general sense of the trend. Of course, I use trend lines to analyze whether the trend has changed or not. Sometimes, I use moving average just to help me to see whether, from a moving average angle perspective, has the...
